other material
confidence high
sentiment positive
materiality 0.50
XBiotech extends clinical manufacturing agreement with Janssen through December 2023
XBiotech Inc.
- XBiotech entered a Manufacturing Agreement with Janssen R&D to produce clinical product including Bermekimab.
- Agreement extends manufacturing support through December 2023; revenue extends cash runway for own pipeline.
- Bermekimab, a True Human monoclonal antibody, was sold to Janssen in December 2019 with transitional manufacturing.
- CEO John Simard stated contract manufacturing is not core business but fits well and provides runway for up-and-coming therapeutics.